Energy Minister Angus Taylor dismissed industry claims he was fuelling 'policy uncertainty' with the government's new gas plan, which sets an April deadline to decide whether industry or government will build the new power station | CroweDM
Australian Energy Council chief executive Sarah McNamara delivered a swift rebuff to the government’s scheme on Tuesday on behalf of energy generators and retailers, saying there was no reliability threat to justify the new intervention.
"AEMO only assesses reliability on very strict technical grounds – they make no assessment of price impacts," Mr Taylor told"Our assessment is that there is a problem with reliability but the bigger problem is with price – because prices will go up if you take 1000MW out of the market and you don’t replace it.
"The oligopoly prefers Liddell to close so they can capture the higher prices that follow, which is exactly what happened in Victoria," Mr Broad said. "The idea would be that we should firm up some renewable sources as well, but we’re waiting to see what happens by April."While Snowy Hydro has taken on $3.5 billion in debt to fund the expansion of the Snowy Mountains hydro-electric scheme, it has government support to build Kurri Kurri as well. It also runs the Colongra gas-fired power plant on the NSW Central Coast, with a capacity of 657MW.
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